1 / 26

City of Longview

thao
Download Presentation

City of Longview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. City of Longview 2010 General Fund Financial Review 2nd quarter ending June 30, 2010 City Council Meeting August 12, 2010

    2. 2 General Fund Financial Review

    3. 3 History of Assessed Property Values (in the 000’s)

    4. 4 History of Property Taxes (in 000’s)

    5. 5 History of Sales Taxes (in 000’s)

    6. 6 Sales Tax by Month

    7. 7 Sales Tax Receipts by Month

    8. 8 Sales Taxes by Quarter (in 000’s)

    9. 9 History of B&O Taxes (in 000’s)

    10. 10 History of Taxes (000’s)

    11. 11 2010 General Fund Taxes Tax Amount Property $7,680,290 Sales 6,202,928 B&O 8,615,606 Other 1,250,405 Total $23,749,228

    12. 12 History of Building Permits (000’s)

    13. 13 General Fund Revenue (in 000’s)

    14. 14 2010 General Fund Revenues

    15. 15 General Fund Expenditures (in 000’s)

    16. 16 2010 General Fund Expenditures

    17. 17 2010 Cost Cutting Measures

    18. 18 2010 General Fund Overview

    19. 19 2011-12 General Fund Overview

    20. 20 2011-12 Forecast Assumptions 2011 General Fund Revenue +1.5% Reduction in City Utility Tax -2.5% Annual COLA Health Insurance Increase +10% Pension-PERS (5.31% to 8.70%) Industrial Insurance +0% Unemployment Comp +0% Employee Benefits Reserve +0% Supplies +2% Services +3% Capital Outlay +2% Transfers +5% 2012 General Fund Revenue +2% Annual COLA Health Insurance Increase +10% Pension-PERS (8.70% to 9.39%) Industrial Insurance +0% Unemployment Comp +0% Employee Benefits Reserve +0% Supplies +2% Services +3% Capital Outlay +2% Transfers +5%

    21. 21 2011-12 General Fund Forecast May 15, 2010

    22. 22 2011-12 General Fund Forecast June 30, 2010

    23. 23 2011-12 Budget Parameters

    24. 24 2011-12 Suggested Parameters Maintain Stage 2 of Budget Model Revenue estimates of 1.5% - 2% Provide for inflationary increases in expenditures Appropriate Salary COLAs and benefits roll-up Continue actuarial funding for Fire Pension contributions Reinstate motor vehicle depreciation City utility B&O tax at 9.5%? Prioritize General Fund governmental programs and reduce services as necessary

    25. 25 Reminder 2011-2012 Budget Workshop Saturday, September 25, 2010 9 a.m. – 3 p.m.

    26. 26 2010 General Fund Review for the quarter ending June 30, 2010 The end.

More Related